After several months of talks with their regulator and customers (and plenty of rumors), Fannie Mae and Freddie Mac are coming to the rescue of non-bank mortgage firms that need warehouse credit. An announcement is expected any minute. As long as a lender has a commitment to purchase a newly originated loan from a GSE the capital charge against an outstanding line of credit should not be a problem -- or so we are told. For the full story (with all the details) see the
In 8-minute presentations, tech providers showed how they're utilizing artificial intelligence to automate entire workflows, supercharge capacity and emphasize compliance.
The release of Fannie Mae and Freddie Mac's internal metrics support this process, but other measures will still be needed, according to Bank of America.
New September funding includes a Series A round for agentic platform Kastle and an investment into Celligence's AngelAI, both with natural-language features.
Borrowers hold a total of $17.9 trillion in home equity in the United States, equal to $310,000 per homeowner, according to Cotality.
ICE dropped its post-Dec. 31 SDK access fee as migration lags. Audit plugins, get written confirmation from ICE, budget for dual-running and weigh API-native rivals.
The latest runup alarmed lenders but offered some new servicing opportunities unique to this market that can benefit both sides of the business.
